Nvidia Rival Cerebras Files For IPO After Scrapping Plans Last Year

2 hours ago 1

Mohd Haider

Mon, April 20, 2026 astatine 11:31 AM CDT 2 min read

Artificial quality chipmaker Cerebras Systems filed for an archetypal nationalist offering with the Securities and Exchange Commission connected Friday, aft withdrawing its IPO plans successful October 2025, stating the 2024 filing papers was "stale."

Cerebras Systems, a California-based rival to Nvidia, submitted a registration connection to the SEC for the projected IPO of its Class A communal stock.

The fig of shares and the terms scope for the offering are yet to beryllium determined, contingent connected marketplace conditions.

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The institution plans to database its Class A common banal connected the Nasdaq Global Select Market nether the ticker awesome “CBRS.”

Cerebras stated that the offering volition beryllium managed by Morgan Stanley, Citigroup, Barclays and UBS Investment Bank arsenic pb book-running managers, with Mizuho and TD Cowen arsenic bookrunners.

The institution competes successful the AI hardware marketplace and was past valued astatine astir $8 billion.

The announcement comes 2 days aft Cerebras Systems closed an up to $850 cardinal recognition installation to grow its information halfway capableness and enactment growth.

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Earlier this year, Cerebras Systems secured a landmark woody with OpenAI to supply 750 megawatts of computing power. It besides partnered with Amazon to accelerate AI inference for ample connection models, strengthening its presumption successful AI infrastructure.

Cerebras Systems is moving guardant with its nationalist listing arsenic request for AI computing infrastructure accelerates, positioning the institution to rise superior for enlargement amid increasing contention successful the AI spot marketplace and rising adoption of large-scale exemplary grooming and inference workloads.

Photo Courtesy: Shutterstock

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